Caisse Des Depots ET Consignations Makes New $1.42 Million Investment in Coursera, Inc. (NYSE:COUR)

Caisse Des Depots ET Consignations acquired a new position in Coursera, Inc. (NYSE:COUR) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 167,035 shares of the company’s stock, valued at approximately $1,420,000.

Other hedge funds also recently modified their holdings of the company. SBI Securities Co. Ltd. bought a new position in shares of Coursera in the fourth quarter valued at approximately $35,000. FMR LLC grew its position in shares of Coursera by 67.6% in the third quarter. FMR LLC now owns 6,574 shares of the company’s stock valued at $52,000 after purchasing an additional 2,651 shares during the last quarter. KBC Group NV increased its stake in shares of Coursera by 90.7% in the fourth quarter. KBC Group NV now owns 9,203 shares of the company’s stock worth $78,000 after purchasing an additional 4,376 shares during the period. New York State Teachers Retirement System acquired a new position in shares of Coursera during the 4th quarter worth about $107,000. Finally, Pitcairn Co. grew its holdings in Coursera by 16.9% in the 3rd quarter. Pitcairn Co. now owns 13,655 shares of the company’s stock valued at $108,000 after buying an additional 1,971 shares during the last quarter. Institutional investors and hedge funds own 89.55% of the company’s stock.

Coursera Stock Performance

COUR opened at $6.92 on Friday. The firm has a market cap of $1.11 billion, a price-to-earnings ratio of -13.30 and a beta of 1.40. The firm’s 50-day simple moving average is $7.90 and its 200-day simple moving average is $7.88. Coursera, Inc. has a twelve month low of $6.29 and a twelve month high of $14.29.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Scotiabank initiated coverage on shares of Coursera in a research note on Thursday, December 5th. They issued a “sector perform” rating and a $9.00 price objective on the stock. Bank of America restated an “underperform” rating and issued a $7.00 price target on shares of Coursera in a research report on Thursday. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $10.00 price objective on shares of Coursera in a research report on Thursday, December 5th. Needham & Company LLC reissued a “buy” rating and set a $11.00 target price on shares of Coursera in a research report on Monday, January 27th. Finally, UBS Group upped their price target on Coursera from $7.50 to $8.50 and gave the company a “neutral” rating in a report on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $9.83.

Insider Buying and Selling at Coursera

In other Coursera news, SVP Alan B. Cardenas sold 5,613 shares of the stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $8.26, for a total transaction of $46,363.38. Following the sale, the senior vice president now owns 180,413 shares of the company’s stock, valued at $1,490,211.38. This represents a 3.02 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 15.90% of the company’s stock.

Coursera Company Profile

Coursera, Inc operates an online educational content platform in the United States, Europe, Africa, the Asia Pacific, the Middle East, and internationally. It operates in three segments: Consumer, Enterprise, and Degrees. The company offers guided projects, courses, and specializations, as well as online degrees; and certificates for entry-level professional, non-entry level professional, university, and MasterTrack.